Personal Guarantees, and debit
2006-07-31 18:32:48 · 2 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
1-yr ago ended a business relationship with two other investors. I lost money. One investor continued the business sinking more money into it.
I signed several personal gaurantees with these two folks. Will I be able to list those with Chapter 7 Bankruptcy?
I have one piece of equipment that is on a lease that I'm the only gaurantor, payments are current. But, I'm the only person securing the lease. Can I include that on my chapter 7?
One final question: I recently purchased a home...not less than 30 days ago. I want to keep my home. I have no equity built up. Do you think I will be able to reaffirm it?
I've done the research I can file chapter 7 with the means test. I'm just concerned about these business leases if I will be able to file or not?
2006-07-31 18:39:29 · update #1
The business is currently operating and not in financial trouble. But, I am personally. I don't want to file Chapter 7 then have a problem 3 years in to it?
2006-07-31 18:40:53 · update #2
Call a Financial Councillor who will answer all your questions free of charge in Australia-look in the front of the white pages.
2006-07-31 18:37:23 · answer #1 · answered by shotie 3 · 0⤊ 0⤋
You need to discuss that with an attorney.
2006-07-31 18:56:30 · answer #2 · answered by Bostonian In MO 7 · 0⤊ 0⤋